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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

Malagasy Ariary/Euro (FOREX:MGAEUR)

Weak Downtrend (-65) - MGAEUR is showing signs of a strengthening downtrend. Monitor MGAEUR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MGAEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAEUR
Open High Low MGAEUR Price Change
0.00021324 0.00021324 0.00021324 0.00021324 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAEUR

long term up The long-term trend has been UP since Mar 3rd, 2023 at 0.00021923

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2023 at 0.00021837

short term down The short-term trend has been DOWN since Mar 28th, 2023 at 0.00021837

Smart Scan Analysis for MGAEUR

Based on our trend formula, MGAEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MGAEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00021324 0.00021324 0.00021324 0.00021324 0.00000000
Prev. Close Volume Bid Ask Time
0.00021238 2023-03-28 13:24:48
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